(Page 2 of 2)
"Ah," you're saying to yourself, "perhaps the former wife of Max Megabucks squealed to the feds, but my own sweet darling would never do such a thing."
Really? Probably that's what Max Megabucks thought too. Anyway, this brings us to the great Cosmic Rule of Tax Evasion: Trust no one. If your scheme requires accomplices or involves witnesses, you would be wise to forget about it. Weak individuals are the strength of the state.
"No," you insist. "My own sweet darling-who is also the keeper of my two sets of books-will stand by me forever." Sure. And if you believe that, I've got some land in the Everglades you'll want to invest in.
The conclusion is this: Even if you're brilliant, it's not easy to evade taxes and get away with it. The feds have been working in that sewer since 1913. They're at home in muck, and you're not.
On that you can rely...as time goes by.
Warren Salomon is an attorney and tax specialist practicing in Miami.